1. A Member is eligible for this loan
2. A member should have minimum of 50 shares
3. A Member can avail loan an unsecured loan to an extent of maximum of Rs.100000/-
4. The loan amount is repayable in 24 months
5. The Rate of interest applicable is 12%pa
6. If the borrower is a salaried person having net income of Rs. 15000 pm, No surety/Guarantor will be insisted. In case if the borrower is a housewife, then her husband’s income will be considered for loan repayment and he will be the Surety / Guarantor to the loan.
7. Loan can be for any Domestic purpose
8. Service charge of Rs. 1200/- plus GST will be levied
9. No other charges are applicable
10. Member must furnish the KYC documents and Salary certificate
11. For Loan repayment the borrower must furnish either ECS/Post-dated cheques or an authorization letter from their concerned department for salary deduction

This can be extended to Business entrepreneur

1. An unsecured overdraft of Rs. 100000/- can be given for improvement of their business
2. The Rate of interest for this is 12.50% pa

Entrepreneur has limit

3. to furnish the following documents
4. Proof for carrying business
5. Self-declaration / I. T returns
6. Overdraft will be renewed even if there is a credit balance at any point of time during the tenure
7. To furnish an Overdraft agreement